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06-07-2007 YM Chart - Spydertrader

06-07-2007 ES Chart - Spydertrader

With all due respect to Jack Hershey and his generosity, Please do Not go and do this. When reading posts (especially old posts from Jack), take a moment to understand the context of the post. Jack's posts refer to SCT. We do not yet practice SCT in this Journal (See Syllabus). Beginning Level...

Curbs go into effect whenever the NYSE's composite index rises or sinks 150 points beyond the previous day's closing price.

This is like saying, "If we ignore the fact that we just had an FTT, why did the market turn?" When Odd Harmonics are part of flaws, we take action (according to our resolution level) based on the flaw and Not the perceived Odd Harmonics example. - Spydertrader

And on your chart .... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1493907> The market does provide an example of a Sqaure Wave Odd Harmonics. The Market formed a flaw at the point (specifially, a Dip). Flaws generate an overriding signal cancelling out Harmonics...

If you don't yet feel comfortable on the RTL, then simply sideline until you have a clearer picture of the market. When ES approaches either trend line, move to the YM for monitoring. If the YM finds itself on either of its trend lines, head to STR / SQU. If STR / SQU sits between -2 and +2...

Square Wave Odd Harmonics requires two connecting bars to have equal highs or equal lows. According to my charts, I did not have such an environment at 11:36 AM. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1493867>

The debate over the best day to Rollover a contract has no clear winner. A number of factors (Volume, trade duration, individual contract traded, etc.) normally influence the answer. Each Quarter, a trader has 8 days to make that decision (From Rollover to Expiry). However, I have already...

Just a reminder for all those following along: Thursday (06-07-2007) is Rollover Day. make sure to switch your charting, STR / SQU, T & S, DOM etc. to the most current contracts: ES07U and YM07U (September Expiry). - Spydertrader

Dips form a 'bowl like' formation (upside down bowl in downtrends). Stalls have an equivalent low to the preceding bar. - Spydertrader

Click Here to locate every instance where I mentioned the word Gaussians. - Spydertrader

06-06-2007 YM Chart - Spydertrader

06-06-2007 ES Chart - Spydertrader

Wait! Set Qcharts to open on the last workspace used. Restart it. You may not need to reinstall. It might only mean Qcharts didn't update the files. This often happens when Qcharts loggs into a mucked up server. - Spydertrader

Note the extremely low levels of Volume on the Bars after the alleged FTT. One's brain should begin to think, Flaw. Since the extremely low levels (compared to the FTT Bar) continue longer than a single bar, I view the situation as a forming Dip. As a result, I look for Price to head lower off...

I have several indicators on my posted Equities Charts in an effort to allow those individuals, still using the indicators, to be able to follow the sequences which lead to Price improvement. Once a trader reaches the intermediate or advanced level with respect to trading The Hershey Equities...

PRXI Update <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1491509>

As others (including yourself) have noted, we see Price exit (and remain outside of) the red channel. If Price exits a channel determines whether or not we have a BO or an FBO. How (on increasing or decreasing Volume) Price exits a channel determines of we have a trend in the opposite direction...

06-05-2007 YM Chart - Spydertrader